Friends of Quiet Waters Park

Analysis

Friends of Quiet Waters Park is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Quiet Waters Park reported income of $78k and spending of $80k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $70k to $78k (+12%), an average of +12% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Quiet Waters Park sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Glacial Ridge Curling ($78k), Clarksville Screaming Eagles ($78k) and Queen Anne S County Independant Soccer Club ($78k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. At year end it held assets of $176k against liabilities of $68, net assets of $176k.